Declaring that a turn to a hard market cycle is more visible, the chief executive of W.R. Berkley Corp. says a company somewhere is in for major trouble because they are stupid not to increase rates.
The U.S. P&C industry in 2011 posted its worst combined ratio since 2001and net income dropped more than 45 percent, according to a joint analysis conducted by three industry groups. But a separate report points to more profitable results in Q1 2012.
Customer satisfaction with the auto-insurance claims experience is at its lowest level in three quartersbut consumers may have themselves at least partly to blame.
A scheduled meeting today between Louisiana Citizens Property Insurance Corp. and attorneys for more than 18,500 policyholders owed about $105 million from the last-resort insurer was abruptly canceled.
A scheduled meeting today between Louisiana Citizens Property Insurance Corp. and attorneys for more than 18,500 policyholders owed about $105 million from the last-resort insurer was abruptly canceled.
Chubb Corp. says the first quarter saw renewal rate increases across the board in U.S. commercial and specialty lines while first quarter net income for 2012 fell slightly to $506 million.
UPDATED! PC360 decided to take a look at the oldest insurers in the United Statesa journey that has led to some interesting findings about the birth of insurance in this country.
On April 15, 1912 the RMS Titanic sank in the North Atlantic Ocean on its maiden voyage to New York. National Underwriter was there to write about the insurance implications.